Alliance Company budgets production of 28,000 units in January and 32,000 units in February. Each finished...

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Alliance Company budgets production of 28,000 units in January and 32,000 units in February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 33,600 pounds. What is the budgeted materials cost for January? Alliance Company budgets production of 28,000 units in January and 32,000 units in February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 33,600 pounds. What is the budgeted materials cost for January?

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Answer To calculate the budgeted materials cost for January we need to determine the total pounds of ... View the full answer